UBL Car Loan Markup Rate 2021

UBL Car Loan Markup Rate 2021

To make your dream car come true, get a supreme car loan with the best possible financing solution with UBL Drive. UBL offers you easy offers and payment flexibility to get your dream car instantly.

UBL Drive Auto Loan Benefits

  1. Minimum required documents and expedited processing procedure
  2. At least fifteen percent (15%) of the minimum initial payment
  3. Option of fixed or variable rates
  4. Availability of financing for at least one (1) to seven (7) years for all new, localized and imported cars.

UBL Drive Auto Loan Eligibility Criteria

Salaried Individuals (SI)Self Employed Businessmen/ Self Employed Professional (SEB/SEP)
Age Limit: 21-60 yearsAge Limit: 21-70
Status of Job: Permanent onlyStatus of Job: N/A
Income: PRs 35,000 per monthIncome: PRs 50,000 per month
Duration of Employment: Min 3 monthsDuration of Business: 1 year

UBL Drive Auto Loan Required Documents

Salaried Individuals (SI)Self Employed Businessmen/ Self Employed Professional (SEB/SEP)
Two valid passport size photographsTwo valid passport size photographs
One Valid Copy of CNICOne Valid Copy of CNIC
Documents about Employment ProofAcceptable proof of business documents
Bank statement of past 1 yearBank statement of past 1 year
Experience Letter

UBL Drive Auto Loan Markup Rate 2021

FLOATING MARK-UP RATES

Relationship1–3 Years Spread PercentageKIBOR + Spread4 – 5 Years Spread PercentageKIBOR + Spread6-7 Years Spread PercentageKIBOR + Spread
Existence Customers4.25%12.22%4.75%12.72%5.25%13.22%
5.25%13.22%5.75%13.72%6.25%14.22%
New to Bank Customers4.75%12.72%5.25%13.22%5.75%13.72%
5.74%13.72%6.25%14.22%6.75%14.72%

FIXED MARK-UP RATES

Relationship1–3 Years Spread PercentageKIBOR + Spread4 – 5 Years Spread PercentageKIBOR + Spread6-7 Years Spread PercentageKIBOR + Spread
Existence Customers7.00%14.97%8.00%15.97%8.50%16.47%
8.00%15.97%9.00%16.97%9.50%17.47%
New to Bank Customers7.50%15.47%8.50%16.47%9.00%16.97%
8.50%16.47%9.50%17.47%10.00%17.97%

UBL Drive Loan Calculator

UBL Drive Loan Online Apply

  • Please click at the link For UBL Drive Car Loan Apply Online

UBL Drive Contact Information

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